Bunge Global SA (NYSE:BG) Shares Sold by Fractal Investments LLC

Fractal Investments LLC cut its stake in shares of Bunge Global SA (NYSE:BG) by 57.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,400 shares of the basic materials company’s stock after selling 3,252 shares during the period. Fractal Investments LLC’s holdings in Bunge Global were worth $242,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BG. Loomis Sayles & Co. L P grew its position in shares of Bunge Global by 169.8% during the third quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company’s stock worth $25,000 after buying an additional 146 shares in the last quarter. NewSquare Capital LLC acquired a new position in shares of Bunge Global in the 4th quarter valued at $37,000. Rise Advisors LLC boosted its holdings in shares of Bunge Global by 40.6% in the 4th quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock valued at $41,000 after buying an additional 117 shares in the last quarter. Ramirez Asset Management Inc. acquired a new position in shares of Bunge Global in the 3rd quarter valued at $54,000. Finally, GAMMA Investing LLC acquired a new position in shares of Bunge Global in the 4th quarter valued at $62,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. HSBC upgraded shares of Bunge Global from a “hold” rating to a “buy” rating and lowered their target price for the company from $122.00 to $105.00 in a report on Friday, February 9th. Roth Mkm decreased their price target on shares of Bunge Global from $161.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Citigroup increased their price target on shares of Bunge Global from $108.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Barclays decreased their price target on shares of Bunge Global from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Tuesday, January 23rd. Finally, BMO Capital Markets decreased their price target on shares of Bunge Global from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $120.44.

Bunge Global Stock Performance

Bunge Global stock traded down $3.85 during trading hours on Wednesday, reaching $105.77. 3,629,808 shares of the stock were exchanged, compared to its average volume of 1,767,683. The stock has a market cap of $14.91 billion, a P/E ratio of 7.10 and a beta of 0.64. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 2.13. Bunge Global SA has a 52-week low of $86.10 and a 52-week high of $116.59. The firm’s 50 day moving average is $99.02 and its 200 day moving average is $99.98.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.89. The company had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $14.96 billion. Bunge Global had a net margin of 3.77% and a return on equity of 18.30%. Bunge Global’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.24 EPS. Analysts predict that Bunge Global SA will post 9.26 EPS for the current fiscal year.

Bunge Global Company Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.